ISHARES EV & E DRIV TECH (ECAR.MI) Stock Technical Analysis
BIT:ECAR - Euronext Milan - IE00BGL86Z12 - ETF - Currency: EUR
Taking everything into account, ECAR scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ECAR was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ECAR is a bad performer in the overall market: 72% of all stocks are doing better.
Warning: ECAR has an average volume of 15153 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month ECAR has a been trading in the 5.25 - 6.94 range, which is quite wide. It is currently trading near the high of this range.
ECAR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ECAR is lagging the market slightly.
Volume is considerably higher in the last couple of days.
ECAR has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.58
7.75
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.71 to 6.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.64 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 6.79 to 6.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.99 from a horizontal line in the daily time frame.
- Resistance @7.20 from a horizontal line in the daily time frame.
- Resistance @7.47 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.67 to 7.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ECAR.MI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ECAR.MI is up. |
| ChartMill Relative Strength | 28.42 | NEGATIVE | ECAR.MI has a low relative strength, it was outperformed by 71.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ECAR.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ECAR.MI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ECAR.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.48 | NEUTRAL | The RSI value for ECAR.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ECAR.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.82 | OVERBOUGHT | The high Stochastics value suggests ECAR.MI may be overbought. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for ECAR.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.8 | NEUTRAL | The ADX value for ECAR.MI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BIT:ECAR (5/29/2025, 7:00:00 PM)
6.784
-0.02 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.25%
1 Week-1.85%
2 Weeks7.29%
1 Month23.71%
3 Month-7.8%
6 Month-2.84%
12 Month-6.32%
2 Year3.89%
3 Year9.14%
5 Year71.29%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%2.56%
ATR Inc-34.91%
Range Today0.15
ADR(20)0.09
ADR(20)%1.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.42
Mansfield-0.36
10 Day High6.94
10 Day Low6.23
20 Day High6.94
20 Day Low5.25
52 Week High7.69
52 Week Low5.24
CS1 End6.77
CR1 Start6.79
Volume & EV
DER(3)0%
DER(5)0%
Volume9.39K
Volume Incr108.3%
Vol(5)20.52K
Vol(50)15.15K